Last week, apartment developer Tim Gurner said the quiet bit out loud when he admitted that relaxing planning rules won’t magically boost housing construction: “Rich Lister and Melbourne developer Tim Gurner says while the anti-development stance adopted by many councils is a major roadblock, it is only a part of problem”. “He estimated that less
BHP going big: BHP is doubling down on its big bet on copper demand growing exponentially in the global shift away from fossil fuels, with a bold takeover bid for British resources heavyweight Anglo American that values it at almost $60 billion. Copper only contributed a third of Anglo’s profits last year. Anglo does have
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I was listening to Upgrade, one of my fave tech podcasts this week, and they were talking about reviews. Specifically, they were discussing ‘the controversy’ over Marques Brownlee’s takedown of the Humane AI pin, which was brutal. I know of Brownlee, although I don’t follow him. And I’ve seen a few posts about that pin, which was very Weapons of Choice in the way it was supposed to work, shooting lasers from a chest badge onto your hand or some surface in front of you, or something.
But apparently, it’s a bit of a dud, and Brownlee called it as such.
The past 20 years have seen a proliferation in high-rise apartment construction across Australia’s major cities: This boom in high-rise construction has been in response to the large jump in net overseas migration this century: This surge in immigration has driven massive increases in the populations of our major cities: The latest population projections show
Prior to the pandemic, Australia was one of the most popular locations for overseas students: It also had the highest concentration of international students in the world, around three times that of the United Kingdom and Canada and six times that of the United States. In March 2024, the number of overseas students studying in
I have been gazumped by two red-hot inflation reports in two days, even as growth slows sharply in Australia and the US. First, in Australia, quarterly disinflation slightly diverged from the RBA’s expected path, from Justin Fabo: Monthly inflation is stuck fast around 3.5% for four straight months: Note that other than the tax gouging
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Australia’s wage price index recorded modest positive growth in real inflation-adjusted terms in the December quarter of 2023: Even so, real wages were still 6.9% below their June 2020 peak and tracking at September 2010 levels. To add further insult to injury, employee cost of living lifted by 6.9% in the 2023 calendar year, according
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The Australian Bureau of Statistics (ABS) reported in its most recent national accounts that GDP per capita fell by 1.0% in 2023: Worse, real per capita household final consumption fell by 2.5% in 2023, suggesting that the household sector has driven the downturn: This view is supported by data on real per capita household disposable
Risk markets were spooked overnight by forecast US GDP figures just as tonight’s latest PCE print is predicted to come in hotter than expected. The twin whammy of low growth and higher inflation did not help stocks on Wall Street which fell back for the first time in three sessions, with European issues also volatile.
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French President Emmanuel Macron mentioned the word "paradigm" roughly 20 times in a speech pushing for more European integration Thursday.